Form 4/A for DKNG DraftKings Inc.
Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-27 · accession 0001104659-23-028115 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2023-03-02 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | — | +13.6K | 1.96M | +0.7% | — |
| DA | 2023-03-02 | 2023-03-01 | DKNG | Liberman Paul | See Remarks, Dir | S - Sale+OE | $18.64 | -281.7K | 1.67M | -14% | -$5.25M |
| DA | 2023-03-02 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | F - Tax | $18.86 | -6,025 | 1.95M | -0.3% | -$113.6K |
| DA | 2023-03-02 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | M - OptEx | $0.00 | -13.6K | 0 | -100% | $0 |
| DA | 2023-03-02 | 2023-02-28 | DKNG | Liberman Paul | See Remarks, Dir | A - Grant | $0.00 | +13.6K | 13.6K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-02-28 | M | A | 13,584 | — | 1,955,604 | D | — | — | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 13,854 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,025 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The original Form 4, filed on March 1, 2023 (the "Original Form 4") is being amended by this Form 4/A to disclose the number of shares withheld upon the vesting of the RSUs on February 28, 2023. This Form 4/A provides the number of shares withheld and the price at which shares were withheld and reflects the number of shares of Class A Common Stock owned by the Reporting Person following such transaction. |
| 2 | Common | Class A Common Stock | 2023-03-01 | S | D | 281,704 | $18.64 | 1,667,875 | D | — | — | (F2) Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs and performance-based restricted stock units. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.47 to $19.47, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2. This Form 4/A is amending the Original Form 4 in respect of this transaction only with respect to the number of shares of Class A Common Stock owned by the Reporting Person as a result of the withholding reported in footnote 1 above. |
| 3 | Common | Class A Common Stock | 2023-02-28 | F | D | 6,025 | $18.86 | 1,949,579 | D | — | — | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 13,854 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,025 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The original Form 4, filed on March 1, 2023 (the "Original Form 4") is being amended by this Form 4/A to disclose the number of shares withheld upon the vesting of the RSUs on February 28, 2023. This Form 4/A provides the number of shares withheld and the price at which shares were withheld and reflects the number of shares of Class A Common Stock owned by the Reporting Person following such transaction. |
| 4 | Derivative | Restricted Stock Units | 2023-02-28 | M | D | 13,584 | $0.00 | 0 | D | — · — to — | 13,584 Class A Common Stock | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 13,854 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,025 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The original Form 4, filed on March 1, 2023 (the "Original Form 4") is being amended by this Form 4/A to disclose the number of shares withheld upon the vesting of the RSUs on February 28, 2023. This Form 4/A provides the number of shares withheld and the price at which shares were withheld and reflects the number of shares of Class A Common Stock owned by the Reporting Person following such transaction. (F3) The RSUs were granted and became fully vested on February 28, 2023. |
| 5 | Derivative | Restricted Stock Units | 2023-02-28 | A | A | 13,584 | $0.00 | 13,584 | D | — · — to — | 13,584 Class A Common Stock | (F1) No shares of Class A Common Stock were transferred or sold upon the vesting of the restricted stock units ("RSUs") other than to the Issuer to satisfy withholding taxes. The Reporting Person received the net of the 13,854 shares of Class A Common Stock underlying the RSUs listed in Table II, and 6,025 shares of Class A Common Stock withheld by the Issuer. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The original Form 4, filed on March 1, 2023 (the "Original Form 4") is being amended by this Form 4/A to disclose the number of shares withheld upon the vesting of the RSUs on February 28, 2023. This Form 4/A provides the number of shares withheld and the price at which shares were withheld and reflects the number of shares of Class A Common Stock owned by the Reporting Person following such transaction. (F3) The RSUs were granted and became fully vested on February 28, 2023. |